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Products

March 1, 2010

NEW HAVEN FINANCIAL PRODUCTS

New Haven Financial will cater our loan programs and get creative in any situation that dictates an exception to the programs available.

To add Examples:
LOW LTV’S
HIGH CREDIT SCORES

Loan submissions are evaluated and underwritten on a case by case basis. Exceptions are considered on a case by case basis and subject to investor approval.

Fast Funding!!!
A-D Paper, Refinance
Single Family Residence, Apartments
Commercial, Mixed Use, Land
Consolidation, Foreclosures, Tax Liens
Bankruptcy, Bail Outs, Judgments
Purchases, Construction/Development
Business Related, Investment
Swing Loans, Bridge Loans
1st, 2nd, 3rd, 4th...

Products Available

New Haven Financial, Inc. offers a wide variety of loan products.

A listing of our current products and rates is displayed below.

Category: Single Family Residence
Loan: Owner Occupied 1 to 4 units Conforming:
Details: Limited Doc, AB 489 and Section 35 compliant
Rate: Variable monthly (POSTED)
Term: 15/15, 20/20, 30/30 with interest only option
Prepay Penalty: 12 months equal to 80% of 6 months interest
LTV: Up to 65%
Loan Fee: 5.5 points cap (AB489 compliant) with up to 2.0 to the referring broker; loan amounts under $100K up to 1.5 points to referring broker.

Category: Single Family Residence
Loan: Owner Occupied 1 to 4 units Jumbo:
Details: Limited Doc Section 32 and 35 Compliant
Rate: 12-14%
Term: 15/15. 20/20, 30/30, or 80 month IO
Prepay Penalty: up to 24 months equal to 80% of Six months interest
LTV: Up to 65%
Loan Fee: no cap

Category: Bridge and/or Swing Loans (Owner Occupied)
Loan: Conforming and Jumbo SFR's
Details: Listed Properties, In-Escrow, Pending Refinance
Rate: 12 to 14%
Term: 12 months
Prepay Penalty: 6 to 12 months then waived
LTV: Up to 65%
Loan Fee: Negotiable

Category: Apartments
Loan: Apartments
Details: 5 Units and above
Rate: 11-14%
Term: 1-5 years interest only
Prepay Penalty: 6 to 12 months then waived
LTV: Up to 65%
Loan Fee: Negotiable

Category: Land
Loan: Land
Details: LAND DEVELOPMENT DEALS. (Fund controlled – see Construction)
Rate: 12 to 14%
Term: 1 to 5 years interest only
Prepay Penalty: 6 to 12 months then waived
LTV: Up to 50% on refinance; 65% LTV on purchases with 35% cash down.
Loan Fee: Negotiable

Category: Commercial
Loan: Commercial and/or Industrial
Details: Possible Environmental Requirement
Rate: 12-14%
Term: 1 to 5 years interest only
Prepay Penalty: 6 to 12 months then waived
LTV: Up to 65%
Loan Fee: Negotiable

Category: Construction
Loan: Construction
Details: Builders Control account required. (1% or 1 point fee on amount controlled)
Rate: Interest Reserve: 6 months (negotiable)
Term: 12-24 months interest only
Prepay Penalty: 6 to 12 months then waived
LTV: Up to 65% of future value-acquisition and construction; cash requirement of 10% down plus closing costs
Loan Fee: Negotiable

 

THIS WEBSITE IS NOT FOR GENERAL PUBLIC USE AND IS INTENDED ONLY AS AN INFORMATIONAL TOOL FOR THE REAL ESTATE INDUSTRY, RATES AND FEES ARE SUBJECT TO CHANGE WITHOUT NOTICE.
New Haven Financial, Inc. is licensed by the California Department of Real Estate; Broker ID#01183819.